Small Cap Stocks Down Under 24 June 2022: Best and Less (ASX:BST)
Best and Less Group: A good company, but not in the best space right now
The long-anticipated IPO of clothing retailer Best & Less (ASX: BST) proved to be worth the wait – until a couple of months ago. After listing at $2.16 its share rose as high as $4.45 in early January as the company exceeded its prospectus forecasts. However, it has come crashing back to earth in recent months as inflation and interest rates hit discretionary retailers, even though this hasn’t shown in Best & Less’ results - yet.
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